This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of heterocyclic compounds, which are essential in creating drugs with potential therapeutic effects. Additionally, it is employed in research settings to study its biological activity, particularly in the context of developing new antimicrobial or antifungal agents. The compound's unique chemical properties make it a versatile building block for constructing complex molecules with specific functional groups.